The
New Brunswick government is providing financial support as part of the
acquisition of majority ownership in Twin Rivers Paper Co. by Blue Wolf Capital
Partners and Atlas Holdings LLC.
"The
New Brunswick government and the residents of the province have a vested
interest in the future prosperity of the Twin River facilities in New
Brunswick," said Economic Development Minister Paul Robichaud. "Our
government also clearly recognizes the importance of Twin Rivers and its role
in assisting us to rebuild our economy. Our support will ensure the company
remains a major economic generator in the region and the province, and maintains
a long-term future in the forestry sector of New Brunswick." As
part of an agreement with Blue Wolf Capital Partners and Atlas Holdings LLC,
the New Brunswick government may provide a repayable loan of up to $35 million
with a matching loan from the majority ownership group.
